EVERLON FINANCIALS LIMITED announced the cessation of Mr. Nitin Ishwarlal Parekh as an Independent Director, effective September 16, 2026. This change occurs upon the completion of his second consecutive five-year term. The company expressed gratitude for his contributions and guidance during his tenure. Details regarding his departure are provided in accordance with SEBI Listing Regulations.
Independent Director Departs Upon Term Completion
EVERLON FINANCIALS LIMITED has officially announced the cessation of Mr. Nitin Ishwarlal Parekh from his role as an Independent Director. This change is effective from the close of business hours on September 16, 2026, marking the completion of his second consecutive five-year term with the company. Consequently, Mr. Parekh will also cease to be a member of the respective committees of the Board.
Appreciation for Service
The Board of Directors and the management of EVERLON FINANCIALS LIMITED extended their sincere appreciation and gratitude for the invaluable advice, guidance, and contributions provided by Mr. Nitin Ishwarlal Parekh throughout his tenure as an Independent Director. His departure represents the end of a significant period of service to the company.
Disclosure Compliance
The details pertinent to this change, as required by Regulation 30 read with Schedule III – Para A of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been furnished. This includes the reason for the change being the completion of the second term, effective from the close of business hours on September 16, 2026.
Source: BSE
